15 Mar

Buy-to-let property owners 'can expect rent increases'

Buy-to-let property owners 'can expect rent increases'

People who own buy-to-let properties - including those with houses to rent in Sussex - should be optimistic about rental yields.

This is according to new research from the Royal Institution of Chartered Surveyors (RICS), which suggested that the net balance of chartered surveyors who expect to see rents increase over the coming quarter is 33 per cent.

The organisation - which conducts research and aims to inform policy in the property, land, construction and environmental assets sectors - noted that this is a jump from the 22 per cent recorded in the last survey.

RICS suggested that the fall in new supply of rental property coming on to the market is partly behind the trend.

It went on to state that the upturn in the housing sector has probably encouraged some so-called 'accidental landlords', who were unable to sell their homes previously, to put properties up for sale again.

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